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December 14, 2011

Semeta revealed details of the VAT reform

Algirdas Semeta, Commissioner for Taxation of the European Union, revealed details of the European Commission's strategy to reform the VAT system throughout the EU territory, aimed at simplifying the tax system and its transformation to more effective and reliable instrument for strengthening the business sectors and the domestic market of the region.

November 29, 2011

Taxes are there, where budget is

The so-called ''eurobureaucrats'' want to dictate budgets in countries where euro is a national currency

November 20, 2011

Study: Total Tax Rate of Latvia is Lower than in World and EU

According to the World Bank and PricewaterhouseCoopers’ (PwC) report on tax payments, Latvia’s total tax rate (37.9%) is lower than the world average rate (44.8%) and the average European Union rate (43.4%).

September 30, 2011

Hungary forcing banks to write off credit losses

UniCredit Bank branch in Austria was shocked by Hungary's plan to make banks to write off credit losses in foreign currency'', the administrator of the bank's operations in Eastern Europe told Austrian newspaper on Wednesday.

July 26, 2011

The World Bank has developed recommendations for identification of beneficial owners

The World Bank published 196-page report entitled ''Barriers to Asset Recovery'' which outlines measures that will enable to effectively fight with concealment of illegally obtained assets.

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